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Product Insights
Neuromodulation Devices – Medtronic Plc – SENSIGHT
GlobalData, the industry analysis specialist, has released its latest report: Neuromodulation Devices - Medtronic Plc - SENSIGHT. The selling price or list price of a medical device is driven by numerous factors, such as therapy area and complexity of procedure, level of reimbursement, development costs, the number of competing manufacturers, product life cycle, and whether there have been any recent new technology or product launches. In addition, the final selling pricing of medical devices is also impacted by the discounting...
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Sector Analysis
Deep Brain Stimulators (DBS) Market Size, Share, and Trends Analysis by Region, Product (Single Channel and Dual Channel), Application (Parkinson’s Disease, Epilepsy, Essential Tremor, Obsessive Compulsive Disorder, and Others), End-user (Hospitals, Neurology Clinics, and Others), and Segment Forecast, 2022-2027
The deep brain stimulators market size was valued at US$ 1.18 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 12.1% during 2022-2027. The major factors contributing to the market growth includes introduction of technologically advanced deep brain stimulators and rising burden of neurological disorders. However, factors such as the complications associated with deep brain stimulation may hinder the market in focus growth. On contrary, increasing public-private initiatives for the development of efficient...